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Nov 12, 2012
11/12
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u.s. has approved steep trade tariffs, a move officials here say could backfire and cost american companies this market. >> translator: someone asked me are you in a trading war with the united states? i said no. i hope we can sit down and discuss and try our best not to get involved in trade war. but i must say when others tackle businesses, i have to protect our businesses. >> policymakers also attempted to ease concerns about a brewing debt crisis here. >> translator: the bad loans have been on the rise this year, mostly due to the difficulties in management of some industries. but the overall bank as a quality stable and the risk is under control. ratio almost the same as that at the beginning of the year, far lower of the world's major banks. >> regulators and bank executives said that chinese banks have spread the loans across several different sectors including steel and solar panels help to go mitigate the risk, however there is still widespread concerns that overcapacity in severa
u.s. has approved steep trade tariffs, a move officials here say could backfire and cost american companies this market. >> translator: someone asked me are you in a trading war with the united states? i said no. i hope we can sit down and discuss and try our best not to get involved in trade war. but i must say when others tackle businesses, i have to protect our businesses. >> policymakers also attempted to ease concerns about a brewing debt crisis here. >> translator: the...
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Nov 1, 2012
11/12
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it really is amazing when the u.s. is screwing up in europe. >> honda's spending 200 million to make some transmission plans in ohio, they're trying to make north america their main base for manufacturing. >> talk about japanese companies, though. >> panasonic. >> panasonic has a $12 million write off. >> it has to be sharp, sharp, sharp. and they have concerns about their ability to operate as a going concern. they're looking at investments from on high. the china protests are going to work out. >> this is as much as a stiff today, it's a 30-year low. >> these are huge companies, the vhs, beta max work. that's a good point actually. >> these are all the leaders. these were all the leaders that you think about. >> i remember when there was a period in 1998 and 1999 it was a question of who was going to rule the world, panasonic or sony. >> look, we were talking about japan, we'll see whether that proves to be correct. >> now they're nothing, now they're no wrrks now they're dinosaurs. >> we're not saying that apple's g
it really is amazing when the u.s. is screwing up in europe. >> honda's spending 200 million to make some transmission plans in ohio, they're trying to make north america their main base for manufacturing. >> talk about japanese companies, though. >> panasonic. >> panasonic has a $12 million write off. >> it has to be sharp, sharp, sharp. and they have concerns about their ability to operate as a going concern. they're looking at investments from on high. the china...
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Nov 1, 2012
11/12
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but our scale in the u.s. is very significant. again, i think it circles back to what is the best personalized radio experience in the world. we deliver that today. we make it very hard for anyone to answer the question why you should stop listening to your pandora stations. >> i understand pandora has been lobbying congress to pass internet radio fairness act to lower those set licensing fees which eat up a big chunk of your revenue. that's your plan if this bill doesn't pass? >> well, there is an arbitration process that will take place in 2014 and 2015 that will separate 2016 through 2020 for all internet radio. we're fully prepared to enter that arbitration process and would look forward to making the case for rates that are more fair than what we see today. the bill changes the legislative guidance to the arbitration panel to make that guidance consistent with the guidance that congress has given for satellite radio rate setting and for cable radio rate setting which we think is more even. but even if that bill is not passed,
but our scale in the u.s. is very significant. again, i think it circles back to what is the best personalized radio experience in the world. we deliver that today. we make it very hard for anyone to answer the question why you should stop listening to your pandora stations. >> i understand pandora has been lobbying congress to pass internet radio fairness act to lower those set licensing fees which eat up a big chunk of your revenue. that's your plan if this bill doesn't pass? >>...
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Nov 12, 2012
11/12
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together we'll go far. >> the fed issues u.s. currency. that's why it says, "federal reserve note," on all the bills in your wallet. this is the bureau of engraving and printing just a few blocks from bernanke's office. the fed's mandate from congress is to put enough money in the system for maximum employment but not so much that it sets off inflation. the fed actually pays for itself and returns billions in profits to the treasury. in a sense, bernanke has been preparing for this emergency his whole professional life. he got a phd in economics from m.i.t., he chaired the economics department at princeton, and his specialty is the great depression. he's among many economists who now believe that it was the federal reserve itself that helped turn a recession in 1929 into a global calamity. >> they made two mistakes, basically. one was, they let the money supply contract very sharply. prices fell, deflation. so monetary policy was, in fact, very contractionary, very tight during that period. and then the second mistake they made was, they l
together we'll go far. >> the fed issues u.s. currency. that's why it says, "federal reserve note," on all the bills in your wallet. this is the bureau of engraving and printing just a few blocks from bernanke's office. the fed's mandate from congress is to put enough money in the system for maximum employment but not so much that it sets off inflation. the fed actually pays for itself and returns billions in profits to the treasury. in a sense, bernanke has been preparing for...
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Nov 15, 2012
11/12
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deal and downward pressure on the economy in the first half of 2013, yields are going to go down for u.s. treasuries, high-grade market backed securities. you are going to benefit from that. the euro's downward move is going to get accelerated because the dollar will be king under those circumstances. >> what about etfs? is it obviously matters right now how things are taxed and etfs are considered more tax officials. >> they are considered more tax efficient. they are going tonight beneficiaries of any of these tax related fears that are there, mandy. but i would argue to set aside the tax aspect they are going to all benefit from it. the final point in terms of what you need to be prepared for -- gold price. we have seen that coming down. we saw that go down quite a bit. i've been very bearish on gold price for the last year and i think we are going well below $1,600. >> that's quite a lot of everything being thrown out with the kitchen sink. thank you very much. >>> remember the race to $1,000 a share between apple, google and priceline? it may now be a race down to $500. look at that
deal and downward pressure on the economy in the first half of 2013, yields are going to go down for u.s. treasuries, high-grade market backed securities. you are going to benefit from that. the euro's downward move is going to get accelerated because the dollar will be king under those circumstances. >> what about etfs? is it obviously matters right now how things are taxed and etfs are considered more tax officials. >> they are considered more tax efficient. they are going tonight...
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Nov 2, 2012
11/12
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both probably u.s. dollar positive. and i think what we should be looking at is what has transpired in europe. things are beginning to brew again. we have political risk rising. greece could fall apart. we could enter a whole new election cycle in the next two weeks. >> just the levels there. >> reporter: absolutely. $1. $1.2795 short euro looking to fall back down to $1.26 with a stop at 1.29. >> okay. good to see you, camilla sutton joining us there and for more trade catch money in motion, currency trading tonight. yes, it is friday. at 5:30 eastern. and if you want more education about currency go to currency class. >> goldman's chief economist jan hatzius will join us. we'll get his take on the jobs number and what it means for the economy moving forward. and we're awaiting the president to speak on the jobs number at any moment. when that happens we will take you there live when he begins his remarks. for many, nexium helps relieve heartburn symptoms caused by acid reflux disease. osteoporosis-related bone fractur
both probably u.s. dollar positive. and i think what we should be looking at is what has transpired in europe. things are beginning to brew again. we have political risk rising. greece could fall apart. we could enter a whole new election cycle in the next two weeks. >> just the levels there. >> reporter: absolutely. $1. $1.2795 short euro looking to fall back down to $1.26 with a stop at 1.29. >> okay. good to see you, camilla sutton joining us there and for more trade catch...
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Nov 5, 2012
11/12
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if you walk in on wednesday morning and the u.s. election is not figured out yet, we don't have a winner, then i guarantee you, s&p's going to be down about 3%, maybe 4%. euro is going to be testing 1.2675. >> can t could get ugly. >>> let's see the biggest "pops & drops" in midday trading. o pop in tesla, higher by 7%. >> revenue beat. this is a great company. i don't know if it is a great stock just yet because it is not out of the woods. they still have to do a lot fundamentally to make me comfortable but it is a really good sign, a really good report and great forward guidance. >> drop in time warner of 7%. >> this market didn't like the earnings. i've always liked this company but lately it's been kind of expensive. i'd wait for it to drop down a little more, then i'd get involved. >> there are of course far better cable companies to buy. >> transocean. >> thedeep water is where you want to be in energy. >> tesoro. >> geographically perfectly positioned out west -- love it. >> a pop for starting young. a chinese eighth-grader r
if you walk in on wednesday morning and the u.s. election is not figured out yet, we don't have a winner, then i guarantee you, s&p's going to be down about 3%, maybe 4%. euro is going to be testing 1.2675. >> can t could get ugly. >>> let's see the biggest "pops & drops" in midday trading. o pop in tesla, higher by 7%. >> revenue beat. this is a great company. i don't know if it is a great stock just yet because it is not out of the woods. they still have...
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Nov 8, 2012
11/12
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they're saying their rating on u.s. debt is likely to be maintained until the outlook of negotiations is clear. now fitch, they're likely to review their rating of u.s. debt in late 2013. late 2013. standard & poors poor's is saying it is a 1 in 3 chance of a downgrade over the coming two years. what do the ratings agencies want to see in order to avoid those kinds of downgrades? what they're saying is laid out specifically in their reports. moody's saying they want to see specific policies that produce a stabilization. they want a downward federal debt to gdp trend. fitch says they want an agreement on med yum term deficit reduction in 2013. standard and poor's is saying a medium term fiscal plan toward reducing general government debt. if you're an investor worried about these ratings agencies, it is very clear here that you are going to know the outcome of the fiscal cliff negotiations here in washington before these ratings agencies make a move to downgrade u.s. debt. they are going to wait to see what happens in th
they're saying their rating on u.s. debt is likely to be maintained until the outlook of negotiations is clear. now fitch, they're likely to review their rating of u.s. debt in late 2013. late 2013. standard & poors poor's is saying it is a 1 in 3 chance of a downgrade over the coming two years. what do the ratings agencies want to see in order to avoid those kinds of downgrades? what they're saying is laid out specifically in their reports. moody's saying they want to see specific policies...
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Nov 16, 2012
11/12
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i think the u.s. economy, there's so much money on the sidelines, both in business and retail investors. it wouldn't take much positive momentum. i don't think the bar is that high that people -- you know, they really want to get back to business. i think -- >> but we just have to accept less than we would have gotten historically. >> oh, absolutely. i think right now it's still going to be a long, slow recovery. i don't think it's going to magically come back and shoot and a everything is going to go. it still will be a long, slow recovery. we've come to a difficult crisis. it's a financial crisis. they take time to heal. right now it's about confidence. we really need that leadership and some kind of sentiment in a direction will be helpful. >> real quick, maria bartiromo was speaking with the charles schwab ceo earlier this week. they're cutting their etf fees, which puts pressure on everybody in the industry. will you be doing the same? >> well, we don't manufacture etfs. we have what we call an e
i think the u.s. economy, there's so much money on the sidelines, both in business and retail investors. it wouldn't take much positive momentum. i don't think the bar is that high that people -- you know, they really want to get back to business. i think -- >> but we just have to accept less than we would have gotten historically. >> oh, absolutely. i think right now it's still going to be a long, slow recovery. i don't think it's going to magically come back and shoot and a...
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Nov 6, 2012
11/12
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the u.s. economy should perhaps be at a 1% to 2% gdp growth trajectory. that's including a fiscal drag in the united states of about 1%. that's our baseline assumption. but one should consider also that over in europe, you're going to be going into a recession in 2013. and our expectation there is for, perhaps, a 1% contraction. that's going to affect the financial markets here in the united states. one should not dilute themselves of that fact. >> maria, i think that the market today is probably as much about just election uncertainty coming out of the market, not about whether it's a romney or obama victory. it is people just looking at it. it's election uncertainty coming out. >> that makes a lot of sense. real quick, let's go around the horn here. how do you allocate capital? what do i want to be exposed to, and what do i want to sell in 2013? given all of this that we know so far. >> well, you definitely want to get out of defense stocks. you don't want to be there because i think that those have already moved. if you get an obama win, you're going t
the u.s. economy should perhaps be at a 1% to 2% gdp growth trajectory. that's including a fiscal drag in the united states of about 1%. that's our baseline assumption. but one should consider also that over in europe, you're going to be going into a recession in 2013. and our expectation there is for, perhaps, a 1% contraction. that's going to affect the financial markets here in the united states. one should not dilute themselves of that fact. >> maria, i think that the market today is...
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Nov 9, 2012
11/12
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u.s. defense officials confirm today that iranian fighter planes fired and missed at a u.s. drone. that was just days before election day. so why are we learning about it mow for the first time? joining me, syndicated radio talk show host, john bachelor. >> good evening, larry. >> good evening. they fired at one of our unmanned drones. why didn't we fire back? why didn't we take some retaliatory action? are we just patsys to the iranian air force? >> oh, larry, you said it. we're patsys to the iranian supreme leader. this information is coming from the u.s. side. cnn reported it. it's significant to me, my information is that iran has now reported it to the iranian people. in farcesy. they reproduced the cnn report and sadded this, cnn did not sa how they recognized these were revolutionary guard fighters. >> i want to come to the quasi cover-up, whatever it was. i know it's an unmanned drone, it's our plane, it's our real estate. >> it's a predator, it's a drone. >> why don't we do something in return? that's what i'm saying. why do they feel they can do this with impunity? >> the
u.s. defense officials confirm today that iranian fighter planes fired and missed at a u.s. drone. that was just days before election day. so why are we learning about it mow for the first time? joining me, syndicated radio talk show host, john bachelor. >> good evening, larry. >> good evening. they fired at one of our unmanned drones. why didn't we fire back? why didn't we take some retaliatory action? are we just patsys to the iranian air force? >> oh, larry, you said it....
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Nov 1, 2012
11/12
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yet here we are, midway on this investment, trying to convert the u.s. system an we're facing sequestration. massive cuts for the faa. the inability to actually even run the system like we're used to having it run on a good day in the current arrangement. so we really could avoid this, you're dead right to be really fired up about it. >> how do we get private investment in this area? is it difficult to get them involved? >> i think they have to be confident that in fact the faa is going to deliver on both the satellite transponders on the necessary digital investment, and then what you have is that the airlines themselves, and a number of other kinds of private investments, are likely to come in, but they do want to believe that the federal government can keep their commitments and keep this on track. that's what this whole issue of sequestration has put a big question mark in front of everyone, because no one knows what's going to happen next year an what kinds of deficits we may be running in this kind of vital investment in our infrastructure. >> it s
yet here we are, midway on this investment, trying to convert the u.s. system an we're facing sequestration. massive cuts for the faa. the inability to actually even run the system like we're used to having it run on a good day in the current arrangement. so we really could avoid this, you're dead right to be really fired up about it. >> how do we get private investment in this area? is it difficult to get them involved? >> i think they have to be confident that in fact the faa is...
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212
Nov 1, 2012
11/12
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chinese purchasing survey was a little improved and you're right, if the purchasing manager survey in the u.s. is a little better as was consumer confidence. >> jack, what do you think, is sandy a big driver for stocks or is it the coming election and the possible outcome? >> i think it's one that you have a lot of underinvested what i call nonbelievers. i think we're entering the period of chasing returns. first of november i think we started since '09 where it's been up. which is indicative of what the next couple of months will bring. having said that, sandy will produce jobs. the question is will sandy produce more jobs than president obama did over the course of the last few years. and as far as the numbers, let's keep this in mind. i'm 5'5". when i'm with my mop and my sisters who are 4'11", i'm a giant. but when i'm around my friends who are 6-feet, reality sets in. so these nudges are not great. >> this could be too much information. >> i know. you're saying the numbers are good, but not -- >> that's exactly right. when you're starving, even a crumb looks like a steak. we need a few m
chinese purchasing survey was a little improved and you're right, if the purchasing manager survey in the u.s. is a little better as was consumer confidence. >> jack, what do you think, is sandy a big driver for stocks or is it the coming election and the possible outcome? >> i think it's one that you have a lot of underinvested what i call nonbelievers. i think we're entering the period of chasing returns. first of november i think we started since '09 where it's been up. which is...
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Nov 7, 2012
11/12
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. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully beinvesting. with investment information, risks, fees and expenses we call this our mission.mpany, green toys teaches children that if i have a milk jug and i stick it in the recycling bin it can turn into something new. chase allows us to buy capital equipment to be able to manufacture in the states to the scale we need to be a global company. with a little luck green toys could be the next great american brand. find what's next for your business at chase.com/mainstreet >> 16 minutes past the hour. want to get to john harwood in the map room. >> you look at the electoral vote count and it looks very
. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully...
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Nov 8, 2012
11/12
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the first is the u.s. fiscal cliff about $600 billion, it represents 4.5% of america's gdp and we have to deal with that issue. the next issue is greece, and greece we have, we passed the first page of the next chapter i suppose you would say which is that the greek parliament approved the austerity measures. we're facing the european union and will they fund, meaning that we have finland, austria and the netherlands that said no more money for greece so we have to see what they're actually going to do. two, you're looking at the greeks want a two-year extension which means another $40 billion to $50 billion to fund that. who is going to come one that and the country in europe resisting it and three the question of the imf whoa looked at the whole situation and said look unless this say sustainable way to pay back the debt, we're not going to fund. >> mark -- >> then you have the issue -- sorry. >> no, go ahead. >> spain is in terrible financial problems, the highest unemployment rate in europe and there y
the first is the u.s. fiscal cliff about $600 billion, it represents 4.5% of america's gdp and we have to deal with that issue. the next issue is greece, and greece we have, we passed the first page of the next chapter i suppose you would say which is that the greek parliament approved the austerity measures. we're facing the european union and will they fund, meaning that we have finland, austria and the netherlands that said no more money for greece so we have to see what they're actually...
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Nov 7, 2012
11/12
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there's no sign that the u.s. industry is going back to its bad practices of too many incentives, too much inventory. the only real thing ailing our detroit companies is what's happening outside the u.s. and obviously that is europe. that's helping fiat. it's hurting ford and general motors. >> good stuff. thanks so much for your time. i know you got very little sleep too. steve rattner. >> president obama's victory is a sign that health care reform is here to stay. we'll show you best ways to play the sector on a day that your money could use triage as we're down at this hour and spencer rascoff on the post-election picture and punishment the company took following the company's guidance yesterday. a post-election sell-off on wall street. dow down by 1.8%. s&p down also. >> at these levels worst day since june. >> much more "squawk on the street" coming right up. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come o
there's no sign that the u.s. industry is going back to its bad practices of too many incentives, too much inventory. the only real thing ailing our detroit companies is what's happening outside the u.s. and obviously that is europe. that's helping fiat. it's hurting ford and general motors. >> good stuff. thanks so much for your time. i know you got very little sleep too. steve rattner. >> president obama's victory is a sign that health care reform is here to stay. we'll show you...
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464
Nov 7, 2012
11/12
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eye 464
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change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional values during the season of audi event. >>> welcome back to our special coverage. hundreds of races in the house and senate tonight. >> there's tight races in the senate in early returns. pretty much going as we expected. we do have handful of newly projected winners in the senate races so far. nbc news declared that bill nelson is projected winner in the state of florida. nbc news also declaring angus king the projected winner in the state of
change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ mom? dad? guys? [ engine turns over ] [...
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240
Nov 9, 2012
11/12
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you can see total u.s. beef production is going down starting with a back drought in texas last year. look at what the usda says that are do the prices. steer prices averaged $1.16 a year neck next year. parkers are severely in the red. it could be the worst year they'they have ever had. there jane, tell them you're doing tv. >> this is texas. >>> when we come back, why a leadership change might be the thing they need to get back on track. we're back after a short break. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. >>> coming up at the top of the hour, a special edition of halftime. the markets and the fiscal cliff. can a deal be reach and what do investors need to hear from the president today
you can see total u.s. beef production is going down starting with a back drought in texas last year. look at what the usda says that are do the prices. steer prices averaged $1.16 a year neck next year. parkers are severely in the red. it could be the worst year they'they have ever had. there jane, tell them you're doing tv. >> this is texas. >>> when we come back, why a leadership change might be the thing they need to get back on track. we're back after a short break. up. a...
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Nov 27, 2012
11/12
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customers, u.s. customers must close their accounts and withdrawal all funds by the end of the year. and a group of former mf global customers is asking a court for permission to subpoena the commodities brokers executives, including former ceo jon corzine, although no one's seen him. the commodity customer coalition is an advocate for trader customers who lost money when mf global went under. it wants to question mf executives under oath. we used to have him on here a lot. have we placed the call? is he returning our calls? yeah, call me. judge denied a similar request in february. and while corzine has stepped down, some executives remain at the company and they're assisting in its wind down. >>> bankruptcy beard dino, california has devoted to halt payments in an effort to try to balance its budget. the city will present the plan to a bankruptcy judge on friday. sa they need to close a nearly $46 billion budget deficit. new york and new jersey need at least $71.3 billion to recover from the devast
customers, u.s. customers must close their accounts and withdrawal all funds by the end of the year. and a group of former mf global customers is asking a court for permission to subpoena the commodities brokers executives, including former ceo jon corzine, although no one's seen him. the commodity customer coalition is an advocate for trader customers who lost money when mf global went under. it wants to question mf executives under oath. we used to have him on here a lot. have we placed the...
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Nov 6, 2012
11/12
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the u.s., ford, gm, doing well. japanese automaker selling to china not doing so well. foreign automaker selling into china doing well at bmw. >> i think the suzuki thing mirrors what's happening at ford. >> i had an eye on one of their models. >> which one? >> the one with the four wheels. >> i have a harley in my garage. >> i'm not kidding. >> which garage is it by the way? do you even know? >> one of them is flooded. are you happy with that? >> is there a side car at leas.? >> i have tattoos all of the way up you just don't see them. suzuki blinking, ford, blinking, gm starting to blink. there's anti-globalization going on that we have to notice. some people say that i can't hack it in these markets. toyota was good. bmw was downbeat in terms of future. it wouldn't be something if everyone recognized what alcoa recognized. maybe it's too hard to be global. maybe it's too hard. go, suzuki was broken by the yen. it's hard to do business when you have these currency wars going on. >> how about
the u.s., ford, gm, doing well. japanese automaker selling to china not doing so well. foreign automaker selling into china doing well at bmw. >> i think the suzuki thing mirrors what's happening at ford. >> i had an eye on one of their models. >> which one? >> the one with the four wheels. >> i have a harley in my garage. >> i'm not kidding. >> which garage is it by the way? do you even know? >> one of them is flooded. are you happy with that?...
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121
Nov 5, 2012
11/12
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here in the u.s. we're reassessing what's happening with hurricane sandy and how that's going to impact u.s. oil prices but brent crude is oil and copper prices are at a two-month low. i want to bring in eric who is an independent copper trader here on the floor for nearly 30 years. we have seen a great deal of malaise. what is pressuring copper at the moment. >> we saw a run-up in mid september and everybody got on board waiting for the next big push. after that when it didn't materialize, we had quite a bit of sell-off ever since then. now we have supply issue in which we built up stocks lately and with uncertainty in two big elections in largest world economy, people head toward the sidelines. >> everybody is focused on the u.s. election. you say that china -- what happens on thursday there could be a really big event for the copper market. >> for europe that's been in headlines for quite a long time. they don't use that much copper and their economy is in recession for a while. much like the unite
here in the u.s. we're reassessing what's happening with hurricane sandy and how that's going to impact u.s. oil prices but brent crude is oil and copper prices are at a two-month low. i want to bring in eric who is an independent copper trader here on the floor for nearly 30 years. we have seen a great deal of malaise. what is pressuring copper at the moment. >> we saw a run-up in mid september and everybody got on board waiting for the next big push. after that when it didn't...
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Nov 9, 2012
11/12
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CNBC
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u.s. airways is a partner of ours, if u.s. airways merges, it would leave the star lines, that would not be good for us but on the other hand consolidation would be good and the benefits would far outweigh the cost. i think consolidation is a good idea. >> what are the benefits of consolidation? >> we've had way too many business plans chasing way too few passengers and way too much capacity in this business, it's been a fractured business and consolidation resulted in much more rational pricing and discipline. >> not just for consumers. >> i think it's good for consumers to have healthy airlines that will be there today and be there tomorrow and can make the investments in the product and the root structure. >> 787, would i know if i got on it would be so much better? >> you would know. it's incredible. >> why? >> because it is a quiet airplane, it's a spacious airplane. it's got great humidity. >> you don't dry out. >> more oxygen, big windows. it's a terrific airplane. it is so quiet, almos like being in an electric car. it
u.s. airways is a partner of ours, if u.s. airways merges, it would leave the star lines, that would not be good for us but on the other hand consolidation would be good and the benefits would far outweigh the cost. i think consolidation is a good idea. >> what are the benefits of consolidation? >> we've had way too many business plans chasing way too few passengers and way too much capacity in this business, it's been a fractured business and consolidation resulted in much more...
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Nov 5, 2012
11/12
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CNBC
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right now look at u.s. equity futures, markets are under a little bit of pressure, s&p futures down by over 5 points. "squawk" will be right back. [ female announcer ] i found the best cafe in the world. ♪ nespresso. where there's a coffee to match my every mood. ♪ where just one touch creates the perfect cup. where every cappuccino and latte is made with fresh milk. ♪ and where clothing is optional. nespresso. what else? >>> welcome back to "squawk box," making headline this is morning, southern company is reporting weaker than expected third quarter earnings in revenue, that was before the bell today. the atlanta-based electricity company says results were hurt by milder than normal weather and an uncertain economy. else where, rockwell automation quarterly earnings there and sales topped wall street estimates. this company makes factory automation equipment input costs climbed during the period and shares of transocean are getting a boost this morning after the company reported a higher than expect
right now look at u.s. equity futures, markets are under a little bit of pressure, s&p futures down by over 5 points. "squawk" will be right back. [ female announcer ] i found the best cafe in the world. ♪ nespresso. where there's a coffee to match my every mood. ♪ where just one touch creates the perfect cup. where every cappuccino and latte is made with fresh milk. ♪ and where clothing is optional. nespresso. what else? >>> welcome back to "squawk box,"...
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Nov 16, 2012
11/12
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CNBC
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u.s. equity futures are down by about 21 points. s&p off by 3 1/2. and as we've been talking about daily, the looming fiscal cliff is a big piece of the market story. today barack obama is officially kicking off budget negotiations. at issue is a one-two punch. we have expiring bush era tax cuts and across the board spending cuts both set to hit in january. simpson and bowles with a warning to washington about what's at stake. >> if we get over on the cliff, we don't have a deal, and the market doesn't anticipate that we're actually going to be so stupid as to go over the cliff, then i think you'll see the market really crash and i think you'll see the rating agencies downgrade our credit again, you'll see fitch and moody's join s&p. i think you'll see corporations lose confidence. you'll see them slow down hiring, stop capital xebd churs, capital will go on on strike, it will be a hell of a mess. >> leaders of both parties think it would be to their advantage to go off the fiscal cliff. what a 12 straight that is, that we could win more as democrats
u.s. equity futures are down by about 21 points. s&p off by 3 1/2. and as we've been talking about daily, the looming fiscal cliff is a big piece of the market story. today barack obama is officially kicking off budget negotiations. at issue is a one-two punch. we have expiring bush era tax cuts and across the board spending cuts both set to hit in january. simpson and bowles with a warning to washington about what's at stake. >> if we get over on the cliff, we don't have a deal, and...
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Nov 2, 2012
11/12
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CNBC
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u.s. as of 8:00 p.m. on on monday october the 29th. we originally saw previous landfall. as we progress into the northeast for today, light snowfall and rain for today. but the bigger concern is what's happening with the system that will be diving across the country. it's going to take a nose dive south of the system that's actually produce rain and snow across the dakotas. it will eventually take a nose dive south. and what that will do, there we go, here's a look at some of our spotty showers as well as our snowfall. again, a little bit of being a tip weather still knocking on the door of the northwest. here's a look at that system that i was telling you about. again, that will produce 1 to 4 inches of snow into portions of the dakotas as well as knocking on the door of northwestern minnesota. our storm system once it does track a little further east on sunday, things getting a difference from southeastern texas all the way up in to north carolina. now, as for those of you who are keepin
u.s. as of 8:00 p.m. on on monday october the 29th. we originally saw previous landfall. as we progress into the northeast for today, light snowfall and rain for today. but the bigger concern is what's happening with the system that will be diving across the country. it's going to take a nose dive south of the system that's actually produce rain and snow across the dakotas. it will eventually take a nose dive south. and what that will do, there we go, here's a look at some of our spotty showers...
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Nov 1, 2012
11/12
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CNBC
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at least 74 people have died in the u.s. as a result of sandy. most of them from new york and new jersey. still 5.6 million customers in the dark. and it may be ten days before the hardest hit areas sea power restored. more than 19,000 flights were canceled because of sandy, but stranded passengers have something to be thankful for. newark and jfk airports were back in business yesterday and delta and american airlines are scheduled to resume a limited number of flights out of laguardia in about 30 minutes. the mta is also getting back to business with new york city subways offering limited service starting today. the m tcta is waiving all fees until tomorrow. so good news there. >> we're looking for any good news so thank you. the eye of hurricane sandy has hit the jersey shore hard. it wiped away entire economies. president obama surveyed the damage with chris christie yesterday. this morning kayla tausche is in toms river, seaside heights. what's it look like there? >> reporter: it's very dark here. we're at the mouth of
at least 74 people have died in the u.s. as a result of sandy. most of them from new york and new jersey. still 5.6 million customers in the dark. and it may be ten days before the hardest hit areas sea power restored. more than 19,000 flights were canceled because of sandy, but stranded passengers have something to be thankful for. newark and jfk airports were back in business yesterday and delta and american airlines are scheduled to resume a limited number of flights out of laguardia in...
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805
Nov 6, 2012
11/12
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CNBC
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. >>> the outcomes of the races will go a long way in deciding whether the u.s. economy hits the fiscal cliff or goes off the edge and whether buernanke will be leading the federal reserve. joining us is marty feldstein. thank you very much for joining us this evening. >> nice to be with you this evening. >> we have a lot of questions. the fiscal cliff. if we go over the fiscal cliff, if there is not an agreement before january 1 what does that mean for the economy? >> i hope there is an agreement because it would be pretty disastrous. the congressional budget a office told us it would take 4% to 5% of gdp out of the economy. in other words we would be in a recession for sure and a deep one unless we come bouncing back t quickly. in other words, congress reverses itself after letting us go over the cliff. >> handicap what you think happened in either scenario if president obama is reelected or if governor romney is elected. >> i think in both cases there is a better than even chance we will go over the cliff. i think if president romney gets elected he will say i
. >>> the outcomes of the races will go a long way in deciding whether the u.s. economy hits the fiscal cliff or goes off the edge and whether buernanke will be leading the federal reserve. joining us is marty feldstein. thank you very much for joining us this evening. >> nice to be with you this evening. >> we have a lot of questions. the fiscal cliff. if we go over the fiscal cliff, if there is not an agreement before january 1 what does that mean for the economy?...
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Nov 29, 2012
11/12
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CNBC
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u.s. equity futures at this hour actually higher. up by about 65 for the dow, s&p more than 7, and as joe mentioned, the fiscal cliff is still the focus. today treasury secretary tim geithner will be meeting with congressional leaders. first harry reid at about 10:00 and then followed by a session with john boehner, eric cantor, paul ryan and chairman of the house's tax writing ways and means committee dave camp. also lunch with republican senate minority leader mitch mcconnell and nancy pelosi. yesterday a number of high profile corporate leaders met with president obama at the white house, including lloyd blankfein. >> both sides have acknowledge there had is revenue concessions and entitlement concessions. in fact if you listen to it, again, i'm not a master of the political art here, but i would say if you have these point of views in a business context, i would say a deal would be in reach. >> among our guests this morning, we have ron johnson. at the white house today, president obama will host mitt romney for a private lunch.
u.s. equity futures at this hour actually higher. up by about 65 for the dow, s&p more than 7, and as joe mentioned, the fiscal cliff is still the focus. today treasury secretary tim geithner will be meeting with congressional leaders. first harry reid at about 10:00 and then followed by a session with john boehner, eric cantor, paul ryan and chairman of the house's tax writing ways and means committee dave camp. also lunch with republican senate minority leader mitch mcconnell and nancy...
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Nov 1, 2012
11/12
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CNNW
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u.s. stock markets closed mixed after being closed for two days because of superstorm sandy and u.s. stock futures are trading lower this market indicating markets will open at 9:30 a.m. eastern. >> a lot of places on the east coast, one of the things we've seen is long, long lines at gas stations. christine romans is here to tell us about it. >> you have half of the stations without power or closed in new jersey and parts of new york and you've got long, long lines. i saw them yesterday a half mile or more, reports of mile-long lines for gasoline. it's not necessarily a gas shortage, it's an inability to access the gas. why? because a lot of these -- a lot of them don't have any power and some are having logistics problems so gasoline coming out of the refinery but not getting to the gas stations, so we're told this is going to be a problem for the next few days. people are filling up their cars and gas cans because they're running generators and shane saws like crazy. new york, new jerse
u.s. stock markets closed mixed after being closed for two days because of superstorm sandy and u.s. stock futures are trading lower this market indicating markets will open at 9:30 a.m. eastern. >> a lot of places on the east coast, one of the things we've seen is long, long lines at gas stations. christine romans is here to tell us about it. >> you have half of the stations without power or closed in new jersey and parts of new york and you've got long, long lines. i saw them...
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Nov 9, 2012
11/12
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KTVU
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sales in the u.s. and europe dropped 2.2%. lower demand and competition were to blame. other restaurants including wendy's and burger king have revamped menus in order to keep up with changing tastes. the revamp may have paid off at wendy's. the chain reported earnings this week, and while the company missed on expectations, in a positive sign, growth at newer restaurants is up. coffee bean prices continue to drop, but coffee chains are not likely to lower prices any time soon. coffee bean prices have fallen roughly 30% during the past year, to $1.71 per pound from $2.48. according to marketwatch.com, prices on lattes and other drinks at starbucks and other chains remain the same. the coffee houses do have other overhead expenses. and analysts say starbucks is a power brand that is not likely to reduce prices unless customers slow their sip. hyundai and kia customers are suing the automakers for overstating the fuel efficiency of several models. the companies blame "procedural errors" at a shared south korea testing facility for the wrong gas mileage on cars. hyundai an
sales in the u.s. and europe dropped 2.2%. lower demand and competition were to blame. other restaurants including wendy's and burger king have revamped menus in order to keep up with changing tastes. the revamp may have paid off at wendy's. the chain reported earnings this week, and while the company missed on expectations, in a positive sign, growth at newer restaurants is up. coffee bean prices continue to drop, but coffee chains are not likely to lower prices any time soon. coffee bean...
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Nov 15, 2012
11/12
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KRON
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now selling with the u.s. government crossing the wires into the store would be the employes will be facing manslaughter charges over the gulf oil spill. >> thank you mark. clean up crews in daly city have been preparing for the rain that we're expecting later tonight. following tuesday's mud slide. the live pictures we have been showing you city crews and residents have placed the bales of hay along the curbs to soak up any month that may wash down this weekend as well as putting down barricades. we will have a live report coming up in daly city about 530. approximately 10 minutes from now. the boy is recovering after being hit by a car last night shortly after 5:00 p.m. in the 3500 block of lakeshore avenue in oakland. authorities said the child was taken to hospital with head trauma. his injuries last night did not appear to be life- threatening. hopefully he will pull through. authorities said the driver of the vehicle is stopped the scene and cooperate with responding officers. >> it has been a violent ye
now selling with the u.s. government crossing the wires into the store would be the employes will be facing manslaughter charges over the gulf oil spill. >> thank you mark. clean up crews in daly city have been preparing for the rain that we're expecting later tonight. following tuesday's mud slide. the live pictures we have been showing you city crews and residents have placed the bales of hay along the curbs to soak up any month that may wash down this weekend as well as putting down...
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Nov 24, 2012
11/12
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KGO
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they must be u.s. citizens between 20 and 35 years of age, must be a high school graduate and no felony convictions. applicants must also pass physical and psychological evaluations. >>> some people who live in a small private marina in redwood city are moving out while others staying behind are fighting plans to convert the property in a luxury condominium complex. it's called pietrus's harbor located off 101 not far from ripple avenue. we have the story. >> betty and her husband were leaving pietrus's harbor with all their belongings. this after living here aboard their boat for 12 years. >> it was wonderful. we enjoyed t we had a little community. >> most of the people living on boats in the small, charming marina have left. here are the empty berths. only 36 of some 88 tenants who lived on boats in august are here. they were all be given eviction notices that they would have to move by mid-january. pietrus's widow, paula, wants to sell the property to a developer who is planning to build a 411 huff
they must be u.s. citizens between 20 and 35 years of age, must be a high school graduate and no felony convictions. applicants must also pass physical and psychological evaluations. >>> some people who live in a small private marina in redwood city are moving out while others staying behind are fighting plans to convert the property in a luxury condominium complex. it's called pietrus's harbor located off 101 not far from ripple avenue. we have the story. >> betty and her...
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lost their lives. 28 piece lost their lives in new york city. 56 across sandy's deadly path in the u.s. as we are seeing, both at ground level and especially from the air, the worst physical destruction is along the jersey shore. some of the images have been extraordinary. as you saw at the top, president obama and governor christie toured the devastation area. more on that from jessica yellin right now. >> crisis makes unexpected political bedfellows. >> i cannot thank the president enough for his personal concern for his compassion and concern for the people of our state. >> president obama returned the favor. >> he has put his heart and soul in to making sure the people of new jersey bounce back even stronger than before. >> reporter: obama and christie on the presidential helicopter to review the storm ravaged coast, touring a shelter for residents who lost everything. >> fema here right now. >> and walking in a neighborhood among the hardest hit. among the surprises, a president not known for displaying affection showed it this day. >> we will get you together. i promise you. prom
lost their lives. 28 piece lost their lives in new york city. 56 across sandy's deadly path in the u.s. as we are seeing, both at ground level and especially from the air, the worst physical destruction is along the jersey shore. some of the images have been extraordinary. as you saw at the top, president obama and governor christie toured the devastation area. more on that from jessica yellin right now. >> crisis makes unexpected political bedfellows. >> i cannot thank the...
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Nov 10, 2012
11/12
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CNN
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the u.s. says iran fired on the unarmed surveillance aircraft over international waters on november 1st. iran says it took action after the drone entered its airspace. the drone returned to its base despite two attempts by iranian jets to brick it down. >>> ordinary chinese who depend on google have been left in the dark. the internet provider says its service across china dropped off right after the communist party convened it's once a decade gathering. google says the problem is not on its end. a company that monitors internet blockages says google's sudden blackout across china is no coincidence. >>> the attack on a teenage girl in pakistan who wanted to go to school has inspired leaders around the world. pakistani officials are now promising to get five million more children into classrooms and the u.n. has declared today malala day. it's been one month since the taliban shot malala yousafzai in the head. dan rivers has more on her recovery. >> reporter: it is staggering to see malala yous
the u.s. says iran fired on the unarmed surveillance aircraft over international waters on november 1st. iran says it took action after the drone entered its airspace. the drone returned to its base despite two attempts by iranian jets to brick it down. >>> ordinary chinese who depend on google have been left in the dark. the internet provider says its service across china dropped off right after the communist party convened it's once a decade gathering. google says the problem is not...
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Nov 9, 2012
11/12
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CNNW
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the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. that make kids happy. and even fewer that make moms happy too. with wholesome noodles and bite sized chicken, nothing brings you together like chicken noodle soup from campbell's. it's amazing what soup can do. ♪ you make me happy [ female announcer ] choose the same brand your mom trusted for you. children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians and used by moms decade after decade. >>> housing those left homeless by sandy. fema turning to a familiar solution. but the question is, will it be a welcome one? >>> plus a rude aquakening. tens th
the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. that make kids happy. and even fewer that make moms happy too. with wholesome...
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Nov 17, 2012
11/12
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MSNBC
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all everyone cannot give the u.s. government money fast enough and leave their jobs and take, sell it down to washington and say oh, my god it's a total disaster the whole thing is going to blow up and go back to trading their bonds. >> and by the way, i saw some of the news mentioned the other day 448 days or something like that since the u.s. was downgraded by one of the rating agencies. what are we going to do about it? what it shows is nothing will happen. the rating agency was dumped. >> talk out this idea of direct action. i want you to talk me through where that goes. because it seems to me like people are going to say, look, sorry, there's a republican -- the republican house of representatives we've got to deal with them. i want to hear more on that when we come back. into their work, their name on the door, and their heart into their community. small business saturday is a day to show our support. a day to shop at stores owned by our friends and neighbors. and do our part for the businesses that do so much f
all everyone cannot give the u.s. government money fast enough and leave their jobs and take, sell it down to washington and say oh, my god it's a total disaster the whole thing is going to blow up and go back to trading their bonds. >> and by the way, i saw some of the news mentioned the other day 448 days or something like that since the u.s. was downgraded by one of the rating agencies. what are we going to do about it? what it shows is nothing will happen. the rating agency was...
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u.s. are without power. that is progress. the peak was 8 million plus. now it is down to 3.6 million. we are getting there slowly, but surely. we have the government latest report on jobs. the unemployment rate up slightly to stock 7.9%. connell: the quality of the jobs, though, people talk a lot about it. we will weigh in on that and the markets coming up next. ♪ follow the wings. connell: back to our big economic headline today, the u.s. economy adding -- joining us down in florida where i am told he voted today. >> i did, i voted today. i have to watch out for the weather. connell: that is the big question. you know, in terms of how that will affect the election. in terms of numbers today, we said this would be the big number ahead of the election. 7.9% unemployment, hundred 70 plus jobs. >> i do not know about the election. the report is a good report. it is above estimates. the revisions were good. two things are good in this report. incomes did not write so much. they are better th
u.s. are without power. that is progress. the peak was 8 million plus. now it is down to 3.6 million. we are getting there slowly, but surely. we have the government latest report on jobs. the unemployment rate up slightly to stock 7.9%. connell: the quality of the jobs, though, people talk a lot about it. we will weigh in on that and the markets coming up next. ♪ follow the wings. connell: back to our big economic headline today, the u.s. economy adding -- joining us down in florida where i...
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Nov 9, 2012
11/12
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KOFY
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. >> u.s. nraev is punishing the seal team 6 including one who is on the mission that killed osama bin laden. for helping a redwood city company develop a new video game. electronic arts or ea for short produced medal of honor war fighter and began distributing the game last month. the seals work as consultant on the project and received letters of reprimand and pay cut in half for 2 most. rear admiral wrote this. we don't tolerate the policy that govern who we are and what we do as sailors in the united states navy. >>> well president obama thanked his chicago campaign staff on wednesday for making tuesday victory possible. mr. obama told the staff because of what they had done it means the work he is doing is important and he choked up. [applause]. >> he told his staff they will do amazing things in their life and their journey is just beginning. the campaign released the video. mitt romney campaign left one image behind. office of the president elect. designed with the hope of romney victory
. >> u.s. nraev is punishing the seal team 6 including one who is on the mission that killed osama bin laden. for helping a redwood city company develop a new video game. electronic arts or ea for short produced medal of honor war fighter and began distributing the game last month. the seals work as consultant on the project and received letters of reprimand and pay cut in half for 2 most. rear admiral wrote this. we don't tolerate the policy that govern who we are and what we do as...
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Nov 1, 2012
11/12
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KQEH
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the u.s. death toll from the giant storm named sandy has risen to at least 63 today. about 6.5 million homes and businesses are still without electricity though there were signs of daily life returning to its usual rhythm in some ples. a familiar sound returned to lower manhattan streets last night. ( horns honking ) the power did not. police helped direct traffic with signals still dark, but one taxi driver said it wasn't worth the risk. >> it's been dangerous. i've got to go home, i'll walk. there's no traffic signal light, no nothing there. >> woodruff: you're going home? you're done? >> i'm done already. >> woodruff: it wasn't much easier for pedestrians who made their way on foot, some with only flashlights leading the way. >> it's really unsettling because we don't have power. we don't know what's going on. we don't have anywhere to get to televisions. >> woodruff: many people flocked to mobile charging stations across the city. plugging in cell phones and other devices. but today brough
the u.s. death toll from the giant storm named sandy has risen to at least 63 today. about 6.5 million homes and businesses are still without electricity though there were signs of daily life returning to its usual rhythm in some ples. a familiar sound returned to lower manhattan streets last night. ( horns honking ) the power did not. police helped direct traffic with signals still dark, but one taxi driver said it wasn't worth the risk. >> it's been dangerous. i've got to go home, i'll...
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Nov 11, 2012
11/12
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CNNW
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there was no need for 5,000 or 6,000 u.s. young men and women to lose their lives. >> coming up, president ahmadinejad's provocative opinions on israel. he tells us what he really meant when he called for the country to be wiped off the map. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. but i still have a runny nose. [ male announcer ] dayquil doesn't treat that. huh? [ male announcer ] alka-seltzer plus rushes relief to all your worst cold symptoms, plus it relieves your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] you're welcome. have led to an increase intands clinical depression. drug and alcohol abuse is up. and those dealing with grief don't ha
there was no need for 5,000 or 6,000 u.s. young men and women to lose their lives. >> coming up, president ahmadinejad's provocative opinions on israel. he tells us what he really meant when he called for the country to be wiped off the map. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving...
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Nov 22, 2012
11/12
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KRON
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as we go to break, we'll take you to afghanistan where u.s. troops are celebrating in their own way. a live look here in the sierra. the snow turned to rain in a few spots here. 50 at meyers. it has been cold enough that they are making snow up at the resorts. many of the resorts opening up this weekend. >> been watching the latest developments out of the middle east. a cease fire between israel and the palestinians appears to be holding this morning after eight days of fighting in the gaza strip and took 160 lives. rockets were fired in to gaza but israel did not retaliate. under the cease fire is agreements to stop fire. it was negotiated by hillary clinton. you see her in egypt. the truce is guaranteed by the . the cease fire started at 11:00 yesterday morning our time as secretary of state clinton remains in the region. she held the press conference to announce the cease fire. >>> new this morning, government war planes bombing a war plane next to a hospital killing 15 people. the hospital, one of the last remaining sources for civilians i
as we go to break, we'll take you to afghanistan where u.s. troops are celebrating in their own way. a live look here in the sierra. the snow turned to rain in a few spots here. 50 at meyers. it has been cold enough that they are making snow up at the resorts. many of the resorts opening up this weekend. >> been watching the latest developments out of the middle east. a cease fire between israel and the palestinians appears to be holding this morning after eight days of fighting in the...
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Nov 25, 2012
11/12
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furchtgott-roth was chief economist of the u.s. department of labor. she's also the author of the specialized of women's figures come a guide to the economic progress of women in america. please join me in welcoming senior fellow, it ansi one. [applause] >> thank you very much howard for that kind introduction and thank you all for coming. briefly you can be doing other things today but here you are listening to me talk about green jobs in the fallacies of green jobs. i like to thank the manhattan institute not only for supporting this research, but organizing this talk. i'd also like to thank a mechanical engineer who has built all around the world who is here in the basin and technical aspects of energy in the boat and who wrote the whole manuscript to check on the scientific details of it. well, this is an appropriate day for talking about regulation to disaster because less that president obama promised once more to develop the energy sources of the future. republican or democrat decides to develop energy projects, taxpayers had better watch out. g
furchtgott-roth was chief economist of the u.s. department of labor. she's also the author of the specialized of women's figures come a guide to the economic progress of women in america. please join me in welcoming senior fellow, it ansi one. [applause] >> thank you very much howard for that kind introduction and thank you all for coming. briefly you can be doing other things today but here you are listening to me talk about green jobs in the fallacies of green jobs. i like to thank the...